Non-compliant drones
Why in news?
- The aviation ministry announced a voluntary scheme for all persons flying drones which are violating regulations, asking them to register themselves by January 31, days after a US drone attack killed top Iranian general Qassim Soleimani.
Key facts
- The ministry said, the presence of such drones as well as drone operators has come to the notice of the government which do not comply with the CAR (civil aviation requirements).
- In order to facilitate the identification of civil drones and drone operators, a one-time opportunity for voluntary disclosure of such drones and drone operators is being provided.
- All persons in possession of drones are required to complete the process (of registration) by January 31, 2020.
Kaifi Azmi
Why in news?
- Renowned Indian Urdu poet Kaifi Azmi’s 101st birth anniversary, Google on Tuesday released a serene doodle.
About:
- A Sahitya Akademi and National Film Award winner, Azmi graced the Indian film industry for decades with his lyrics and songs.
- The late Urdu poet and lyricist, Kaifi Azmi is noted for bringing Urdu literature into the film industry.
- His legendary works such as Pakeezah’s soundtrack Chalte Chalte, Koi Yeh Kaise Bataye from Arth, Heer Ranjha’s Yeh Duniya Yeh Mehfil and poem Aurat have gone down as notable contributions to Urdu and Hindi languages.
- Azmi was born Sayyid Athar Hussein Rizvi on January 14, 1919, in the United British province Mizwaan, which is now Azamgarh in Uttar Pradesh.
- Son of an affluent zamindar in Azamgarh’s Mijwan village, Kaifi rebelled against the hierarchal and in-equal social system he grew up in and his poetry highlighted the exploitation of the masses and the need for a new and just social order.
- An avowed communist, Kaifi’s association with the Progressive Writers’ Movement and the Communist Party lent a distinctive social consciousness to all his works.
More time for firms to split MD, CEO posts
Why in news?
- Securities and Exchange Board of India (SEBI) has extended the time for listed companies to split the position of chief executive officer (CEO) and managing director (MD) from April 1, 2020 to April 1, 2022.
Crucial highlights:
- As part of the latest amendment to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, SEBI postponed the deadline for the separation of the MD and CEO roles for the top 500 companies from the earlier stipulated April 1, 2020 to April 1, 2022.
- The SEBI notification stated that with effect from April 1, 2022, the chairperson of any of the top 500 listed entities would be a non-executive director and not be related to the MD or CEO as per the definition of the term “relative” defined under the Companies Act, 2013.
- As many as 160 of the top 500 listed entities are yet to split the MD and the CEO posts, according to data from Prime Database.
- This assumes significance as some of the biggest names of India Inc. had sought a relief in terms of postponing the deadline to comply with the norm notified in May 2018.
- Industry had various concerns in implementation, including seeking a clear regulatory demarcation on the role and responsibility under the Companies Act, 2013 and SEBI’s Listing Regulations for chairman and managing director.